Exit Term A Loans definition

Exit Term A Loans means the “last-out” first lien term loans arising under the Exit Term A Facility, with an aggregate original principal amount equal to $125,000,000 multiplied by the Option 1 Participation Percentage, on the terms and conditions set forth in the Exit Facility Documents.
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Exit Term A Loans means the “last-out” first lien term loans arising under the Exit Term A Facility, with an aggregate original principal amount equal to $125,000,000 multiplied by the Option 1 Participation Percentage, on the terms and conditions set forth in the Exit Facility Documents. 102. “Exit Term B Credit Agreement” means the credit agreement in respect of the Exit Term B Loans. 103. “Exit Term B Documents” means the Exit Term B Credit Agreement, collateral documents, Uniform Commercial Code statements, and other loan documents, to be dated as of the Effective Date, governing the Exit Term B Loans (if any). 104. “Exit Term B Facility” means the Exit Term B Loans, on such terms as set forth in the Exit Term B Documents. 105. “Exit Term B Loans” means the term loan on the terms and conditions set forth in the Exit Term B Documents. 106. “Federal Judgment Rate” means the federal judgment rate in effect as of the Petition Date, compounded annually. 107. “Final Distribution Date” means a date after (a) the deadline for the Reorganized Debtors to interpose objections to Claims or Equity Interests has passed, (b) all such objections have been resolved by signed agreement with the Debtors or the Reorganized Debtors and/or a Final Order, as may be applicable, and (c) all Claims or Equity Interests that are Disputed Claims or Disputed Equity Interests have been estimated; provided that the Final Distribution Date shall be no later than thirty (30) days after the conclusion of all of (a), (b), and (c), or such later date as the Bankruptcy Court may establish, upon request by the Reorganized Debtors, for cause shown. 108. “Final Order” means an order or judgment of a court of competent jurisdiction that has been entered on the docket maintained by the clerk of such court and has not been reversed, vacated or stayed and as to which (a) the time to appeal, petition for certiorari or move for a new trial, reargument, or rehearing has expired and as to which no appeal, petition for certiorari or other proceedings for a new trial, reargument, or rehearing shall then be pending or, (b) if an appeal, writ of certiorari, new trial, reargument, or rehearing thereof has been sought, (i) such order or judgment shall have been affirmed by the highest court to which such order was appealed, certiorari shall have been denied or a new trial, reargument, or rehearing shall have been denied or resulted in no modification of such order and (ii) the time to take any further appeal, petition for c...
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Examples of Exit Term A Loans in a sentence

  • On the Effective Date, the applicable Consenting Senior Noteholders will consummate the Term Loan Purchase by purchasing, in the aggregate, $31,250,000 in principal amount of Exit Term A Loans on a pro rata basis from the Option 1 Lenders for an aggregate payment in Cash of $31,250,000 paid to the administrative agent for the Exit Term A Loans for the benefit of the Option 1 Lenders in accordance with their Option 1 Pro Rata Share.

  • Without any further documentation or payment, the administrative agent for the Exit Term A Loans shall record the Term Loan Purchase in the register of the Lenders (as defined in the Exit Facility) with respect to such $31,250,000 in Exit Term A Loans.

  • For the avoidance of doubt, a Holder electing Option 2 shall not receive any portion of the Lender Paydown, Exit Revolving Loans, or Exit Term A Loans.

  • Rather, each Holder electing Option 2 shall receive only its Option 2 Pro Rata Share of the Exit Term B Loans in a principal amount equal to the Pro Rata distribution it otherwise would have received with respect to the Lender Paydown, Exit Revolving Loans, and Exit Term A Loans.

  • Neither the Debtors’ nor a holder’s determination is binding on the IRS, however; accordingly, there is no assurance that the IRS will not successfully assert a contrary position.If (as is anticipated) the Exit Term A Loans are considered traded on an established market, the issue price of the Exit Term A Loans will equal their fair market value on the Effective Date.

  • Option 1: If the Holder elects (or is deemed to elect, upon its execution of the Exit Facility Credit Agreement) Option 1 on its Ballot, it shall also receive its Option 1 Pro Rata Share of: (i) the Lender Paydown; (ii) the Exit Revolving Loans; and (iii) the Exit Term A Loans -or- Option 2: If such Holder elects Option 2 on its Ballot, it shall also receive its Option 2 Pro Rata Share of the Exit Term B Loans.

  • If the Exit Term A Loans or the Exit Term B Loans (as the case may be) are not treated as traded on an established market for OID (including by reason of the small issuance exception), but the Prepetition Lender Claims are so treated, the issue price of such loans will be based on the fair market value of the Prepetition Lender Claims.

  • Each Holder of an Allowed Lender Claim that participates in the Exit Facility shall receive its Option 1 Pro Rata share of the (a) Exit Revolving Loans and the Revolving Commitments, (b) Exit Term A Loans (in the case of (a) and (b) by participating as a Lender under the Exit Facility), and (c) Lender Paydown, pursuant to Article III.B.4. The Exit Facility shall be on terms set forth in the Exit Facility Documents and consistent with the terms set forth in the Exit Facility Term Sheet.

  • If the Exit Term A Loans and/or the Exit Term B Loans are treated as contingent payment debt instruments, the Debtors must construct a “projected payment schedule” for whichever loans are treated as contingent payment debt instruments (hereafter referred to as “contingent term loans”).

  • If the Debtors determine that the Exit Term A Loans, the Exit Term B Loans and/or the Prepetition Lender Claims are traded on an established market, such determination will be binding on all holders, other than a holder that explicitly discloses its inconsistent treatment on a timely-filed U.S. federal income tax return for the taxable year that includes the Effective Date, the reasons for its different determination and, if applicable, how the holder determined the fair market value.

Related to Exit Term A Loans

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Term A Loans has the meaning specified in Section 2.01(b).

  • Tranche C Term Loan as defined in Section 2.1.

  • Tranche B Term Loan as defined in Section 2.1.

  • Original Term Loans means the "Term Loans" under, and as defined in, the Original Credit Agreement.

  • New Term Loans as defined in Section 2.24.

  • Tranche A Term Loan as defined in Section 2.1.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Other Term Loans means one or more Classes of Term Loans that result from a Refinancing Amendment.

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Replacement Term Loans has the meaning specified in Section 10.01.

  • Adjusted Total Term Loan Commitment means at any time the Total Term Loan Commitment less the Term Loan Commitments of all Defaulting Lenders.

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Replaced Term Loans has the meaning assigned to such term in Section 9.02(c).

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

  • Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 or 9.02(c)(i).

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Total Initial Term Loan Commitment means the sum of the Initial Term Loan Commitments of all Lenders.

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).